Tetsuro Higashi, a former president of leading semiconductor-production equipment maker Tokyo Electron Ltd, blaming the pack mentality of Japanese companies in the field for the decline in the nation’s standing on the global stage.
The Japanese government has set up a subsidy program to resuscitate the semiconductor industry, which at one time dominated the world in the development of chips, large-capacity batteries and other key components.
Reviving Japan’s semiconductor industry to the pre-eminent position it once held will require an investment of 10 trillion yen ($87 billion) over 10 years, according to an expert.
Spending approved this week should be just the start of its efforts to reverse decades of decline, says Tetsuro Higashi, the leading chip expert advising the Kishida administration.
(Bloomberg) Japan should offer tax breaks in the next fiscal year and spur 10 trillion yen ($88 billion) in investment over the next decade to revive domestic chipmaking, according to the top adviser on a government semiconductor panel.